Air Transport World

Qantas. (Asia/Pacific Report).(forecasts higher profits)(Brief Article)

Qantas CEO Geoff Dixon said the airline expects to better its profit target for the 2002 fiscal year "by more than 10%." Qantas previously said it expected to report pre-tax earnings of A$550 million ($316 million) in the year to last June 30. Reasons cited by the airline include "a faster recovery in the international aviation market, a solid domestic performance and improved overall productivity."

The Australian government acceded to pressure from Qantas to review ownership restrictions that limit foreign investment in the airline to 49% of equity. …

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